Top NEAR short on Hyperliquid bleeds $13M as rally squeezes bears
- —Largest NEAR short: $22.78 million notional, 3x leverage, about $12.83 million unrealized loss
- —Largest long: $30.87 million notional, 10x leverage, $17.13–17.55 million unrealized gain
- —Two addresses hold 4.31 million NEAR in shorts with combined losses above $25 million
- —NEAR perpetual open interest hit $345 million between September 23 and 30
Why it matters: Loss-making shorts and elevated open interest raise the risk of a further short squeeze and heightened NEAR volatility.
Source: Crypto Briefing